| Latest Forum Topics / SPC |
 Post Reply
|
|
SPC
|
|||||
|
AK_Francis
Supreme |
11-Apr-2008 18:05
Yells: "Happy go lucky, cheers." |
||||
|
x 0
x 0 Alert Admin |
Yah, just missed by one cent to hit 7.28, my SPC 40cents div margin. Well, look at this burger, it has fully charged already. When the garage opens next Mon, it will zoom to north leow. Congrate for those who had made it. Cheers. | ||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
11-Apr-2008 16:34
|
||||
|
x 0
x 0 Alert Admin |
SPC power up OOOOOOOO-u-ken! | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
ViperG
Senior |
11-Apr-2008 15:53
|
||||
|
x 0
x 0 Alert Admin |
wah...u track my post so diligently ; ) Just felt my 7.13 lots are abit too expensive and wanted to average down lower when i have the chance. Too bad, i was caught in the customer meeting for the past few days and have missed that chance. Anyway, will look at other counter liao and let this bull run by itself....cheers!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
11-Apr-2008 15:39
|
||||
|
x 0
x 0 Alert Admin |
good stuff cannot bluff.. |
||||
| Useful To Me Not Useful To Me | |||||
|
Yokozuna
Member |
11-Apr-2008 15:34
|
||||
|
x 0
x 0 Alert Admin |
* kaching! :) think BBs coming in.. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
idesa168
Elite |
11-Apr-2008 15:29
|
||||
|
x 0
x 0 Alert Admin |
ViperG, I rem you said keep for long term....now considering to sell your 7.13 lots...hehehe!!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
limhpp
Veteran |
11-Apr-2008 15:26
|
||||
|
x 0
x 0 Alert Admin |
I can only say WOW!  
|
||||
| Useful To Me Not Useful To Me | |||||
|
ViperG
Senior |
11-Apr-2008 15:23
|
||||
|
x 0
x 0 Alert Admin |
Haha...ya i agree. As cantonese says..IF you know, there wouldn;t be any beggars on the street....haha. Cheong arhhhhh!! | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
idesa168
Elite |
11-Apr-2008 15:13
|
||||
|
x 0
x 0 Alert Admin |
Hello Bro...."if" know, I sell my house and bet on it...LOL!!! Nobody knows lah....Now I think the 7.20 neck sure break by today, latest purchase, 20 and 40 lots, I think can...hehehe!!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
ViperG
Senior |
11-Apr-2008 14:37
|
||||
|
x 0
x 0 Alert Admin |
Wah...my 7.13 lots got chance. Should have bought in another 3-4 lots when it went down.....: ( | ||||
| Useful To Me Not Useful To Me | |||||
|
Yokozuna
Member |
11-Apr-2008 14:37
|
||||
|
x 0
x 0 Alert Admin |
haha.. i tried to pre-empt the 2 cent player by queuing to sell 15 pips up before market opens, intending to buy back after it gaps down.. but dunno why trade kena rejected when market opened..
|
||||
| Useful To Me Not Useful To Me | |||||
|
idesa168
Elite |
11-Apr-2008 13:13
|
||||
|
x 0
x 0 Alert Admin |
LOL...AK, you post here and then ask people to shhh.....! Next time when you are successful in your 2 cents theory then post, if not the BB can hear you from here...LOL!!...Today may be a Friday and many small holder might nnot want to hold over the wkend. These are the group of people who intend to contra and they will let go their holding. However, the BB have financial muscle, they might take advantage of the Friday syndrome and buy in, the lower the better.... so we might not see the Friday selldown as it happened very often in the past. Let's see, just my anal..sis...LOL!!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
AK_Francis
Supreme |
11-Apr-2008 12:54
Yells: "Happy go lucky, cheers." |
||||
|
x 0
x 0 Alert Admin |
Ayoyo, Nick, I left SAF with Pes B leow. Today we can celebrate on this burger already, cheong like hell. But as today is the last trading day, some jokers may not want to hold it over the weekends as well as nursing for the div. I predict there will be retreat this afternoon. Noted that mid day volumn already far pass yesterday's volumn leow. And also observed that got few big transactions. I will Q 10bits lower to buy in the last 30sec before trading closed, to test the 2 cent's players still around or not. Sssssh, don't tell people ogh, he he. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
idesa168
Elite |
11-Apr-2008 11:49
|
||||
|
x 0
x 0 Alert Admin |
=DJ FOCUS: Upstream Expansion, Scarcity Buoy Singapore Petroleum By Kirsty Green Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--With US$100 oil now a reality, analysts are warming up on Singapore Petroleum Company, the city state's only direct play on the oil price. Three of the four brokers that cover Singapore Petroleum Company (SPC) rate it a Buy, and the average target price of the four is S$8.38 (US$6.2), which implies 20% upside from Wednesday's close of S$7.01. "We believe SPC has scarcity value as the only major oil proxy in the Singapore market," said Goldman Sachs analyst Chris Shiu in a note. He recently upgraded his rating on Singapore Petroleum to Buy from Neutral on the back of higher crude oil price forecasts and also added the stock to Goldman Sachs' Conviction Buy List. Shiu has a S$9.20 target price. SPC is involved in every stage of the energy chain, from getting the oil out of the ground to selling it to motorists at roadside service stations. It's the upstream, or exploration and production (E&P), business that will most feel the benefit of the soaring oil price, but the refining business is also enjoying strong trading conditions at the moment. "We expect that SPC will be firing on both cylinders of refining and E&P," said Shiu. Its promising business and the perception of the stock as a safe haven helped it outperform during the recent equity market turmoil. In the eight-week period between January 24 and 20 March, SPC shares clocked up a 21% gain as the benchmark Singapore Straits Times Index lost 5% of its value. That outperformance led Bear Stearns analyst Martin Foot to downgrade the stock to Peer Perform from Outperform last month. "Given recent share price gains we are downgrading our rating," he said in a note; adding, "we believe Singapore Petroleum shares are now fairly valued." But the shares have since dropped back a little and are now trading below Bear Stearns' S$7.10 target price. According to Goldman Sachs' Shiu, the company's valuation is attractive with the shares trading below their historical average price/earnings ratio. What's more, Kuladejkuna said SPC's valuation stacks up well against its peers. On his estimates, the company is trading on around 7 times 2008 earnings compared to the 8 to 10 times that other Asian refiners command. This discount is despite the fact that analysts expect Singapore Petroleum to deliver earnings growth that is superior to its peers. Last year, SPC delivered a 79% year-on-year jump in net profit to S$508 million with earnings per share also rising by 79% to 99 Singapore cents. Shiu expects SPC's earnings per share to hit 1.37 Singapore cents in 2009, which would mean the company delivers compound average annual earnings growth of 35.4% per annum between 2006 and 2009. That beats the 11.7% growth rate he forecasts for fellow Asian refiner Thai Oil (TOP.TH) and compares favorably to Goldman Sachs' overall Asian refining peer group average of 14.4%. Moving Upstream Growing its upstream business has been a key strategic aim for the company and although still much smaller than the downstream business, the upstream activities are making a growing contribution to profits. This year, the upstream operations will be boosted by the first full year contribution from oil producing assets in Bohai Bay, China, which were acquired last October and the company's Oyong field, which started up during the third quarter of last year. By 2010, Shiu expects the upstream operations to contribute 21% of gross profit, up from only 3% in 2005 and 13% last year.Merrill Lynch analyst Adrian Loh, who also rates the shares a Buy and has a S$9.95 target price, said in a note that this growing upstream presence should help the company offset any weakness in refining margins, which are driven more by the balance between refining capacity and demand for refined oil products than by the prevailing oil price. A global economic slowdown could pose a risk for refining margins if it leads to lower demand for refined oil products, but analysts say that limited refining capacity should provide a cushion. "Refining margins were exceptional last year, so they may soften slightly this year but still stay at levels we consider very healthy," said DBS Vickers analyst Vichitr Kuladejkhuna, who has a Buy rating and S$7.27 price target. A sharp economic downturn could also pose a threat to the oil price itself but tight oil supply and continued strong growth in Chinese demand should provide support. "We expect the oil price to hover around the US$100 mark during the first half of this year," says Kuladejkhuna. In any case if there is a serious economic slump, SPC's safe haven attributes such as its strong balance sheet and reliable dividend income would really come into their own. "Its 2008 dividend yield of 11% is high by most standards and underpins its defensiveness amid the current market environment characterized by uncertainties and a lower risk appetite," said Shiu. -By Kirsty Green, Dow Jones Newswires; 65 6415 4158; kirsty.green@dowjones.com | ||||
| Useful To Me Not Useful To Me | |||||
|
ozone2002
Supreme |
11-Apr-2008 11:39
|
||||
|
x 0
x 0 Alert Admin |
Chiong becoz of this perhaps SPC poised to invest in refinery upgrading SINGAPORE Petroleum Company (SPC) looks set to invest soon in further refinery plant upgrading to enable it to produce clean motor gasoline as well as process a wider range of difficult crudes to improve its margins. This was hinted at by its chairman Choo Chiau Beng in its just-released 2007 annual report. Plans for the ultra-low sulphur gasoline plant were first disclosed by SPC CEO Koh Ban Heng in an interview with BT last September. At that time, he said that following the start of construction of a US$121 million upgrading to produce clean diesel at its joint venture Singapore Refining Company (SRC) refinery with Chevron, the partners intend to finalise the clean gasoline venture within six months - which suggests that this could come anytime now. The clean gasoline upgrading will potentially cost up to US$200 million, Mr Koh indicated. Further down the road, the SRC partners are also considering a coker plant - costing US$300-400 million to upgrade heavy fuel oil into more valuable products like petrol and diesel, he said. Mr Choo said in the annual report that just as the clean diesel venture will enable SPC to meet Euro-IV diesel specifications by 2009 (and export this to 'greener' markets), 'continuous upgrading of the refining capabilities to meet changing emission standards will remain a priority'. On the outlook for this year, the SPC chairman said that 'although the volatility in global financial markets is likely to restrain economic activities, refining margins are expected to remain relatively healthy given the continued lack of meaningful spare capacity and continuing strong demand for oil products from Asia, the Middle East and Russia'. Upstream, SPC is also reaping the fruits of its oil and gas exploration as by end-2007, its average production had shot up to 10,000 barrels of oil equivalent per day, up from below 3,000 barrels at the start of the year. This came from its acquisition of producing oilfields in China's Bohai Bay, as well as production from its Indonesian Kakap and Oyong fields. Last year, despite the extreme volatility in the oil markets, SPC turned in its best performance to date, with a 78 per cent jump in profit after tax to $508.3 million. |
||||
| Useful To Me Not Useful To Me | |||||
|
Yokozuna
Member |
11-Apr-2008 11:31
|
||||
|
x 0
x 0 Alert Admin |
piangz.. i missed yday's 6.99 by a whisker..
|
||||
| Useful To Me Not Useful To Me | |||||
|
nickyng
Supreme |
11-Apr-2008 11:05
|
||||
|
x 0
x 0 Alert Admin |
ehh...medi appt? wanna downgrade to PES C2 har? hee... *juz kidding* :D
|
||||
| Useful To Me Not Useful To Me | |||||
|
idesa168
Elite |
11-Apr-2008 11:01
|
||||
|
x 0
x 0 Alert Admin |
Lai liao, the power of OIL! | ||||
| Useful To Me Not Useful To Me | |||||
|
AK_Francis
Supreme |
10-Apr-2008 00:08
Yells: "Happy go lucky, cheers." |
||||
|
x 0
x 0 Alert Admin |
Sorry, pm I went for my medical appt. But looking at the volumn sinc early the morning till treade closed. The misarable volumn of 810 is rather bad as compared to yesterday of 1360. Deduction is that less buyer to invest on this burger owing to market sentiment, as you can see for yourself. Frankly, market is moody, nowadays with so much global market uncertainties, esp the grains crisis may trigger another round of financial unrest, all round. Watch out for our neighbour brotherhood countries, do you sleep sound fr now on, not me ah. |
||||
| Useful To Me Not Useful To Me | |||||
|
limhpp
Veteran |
09-Apr-2008 15:48
|
||||
|
x 0
x 0 Alert Admin |
What is today's take? | ||||
| Useful To Me Not Useful To Me | |||||